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Methuen Town 01844
24 Madison Street
$100,000
● House - Off Market

24 Madison Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,764 Ft²
$442,746
RealtyHop Estimate
176.89%
Since May 1, 2001
National-US
Primary Model

About This Property

HANDY-MAN SPECIAL!  THREE BEDROOM COLONIAL IN WEST METHUEN AREA POTENTIAL FURNACE WONDERFUL FAMILY HOME.  SUBJECT TO LICENSE TO SELL.  NO SELLERS DISCLOSURE AVAILABLE.  PROPERTY SOLD AS IS.
Unit Size
1,764 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$91
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1947

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30471944)

Price History

Date / Event Date Event Price
Oct 26, 2001 Sold
Premium
Sold
Sep 22, 2001 Listed by Century 21 McLennan & Company $198,500
Listed by Century 21 McLennan & Company
Apr 24, 2001 Sold
Premium
Sold
Jan 18, 2001 Listed by Century 21 McLennan & Company $159,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 784
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,631
  • Gross Building Area: 2,534
  • Building Area: 1,631
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,631
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 6218
  • Parcel: METH M:00618 B:00159A L:00001
  • Block: 159A
  • Lot: 1
  • Municipality: METHUEN
  • Latitude: 42.7018
  • Longitude: -71.1924

    Address

  • Full Address: 24 Madison St
  • Address - House Number: 24
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 4871
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $417,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 461,720
  • High Value: 534,651
  • Low Value: 388,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $356,400
  • Assessed Land Value: $158,400
  • Assessed Improvements Value: $198,000

    Sales

  • Current Sale Recording Date: Oct 26, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 24, 2001
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2190 ft²

Average Home Age

60.7 years

Currently For Sale

75 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30471944

Frequently Asked Questions

When was property at 24 Madison Street built and last sold?
The property at 24 Madison Street was built in 1947 and last sold on Jan 1, 1970 for $198,500.
How much is this home worth?
The estimated value of the home located at 24 Madison Street is $0.
What are some comparable homes to 24 Madison Street?
There are currently no comparable homes to 24 Madison Street.
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